01.23.26

Cetera Acquires $1.9B Wealth Unit of Louisiana Accounting Firm

by: Financial Advisor

Cetera has acquired the $1.9 billion wealth management business of Louisiana-based Darnall Sikes Wealth Partners, adding assets to its RIA and Branches Channel, launched in mid-2025. The Lafayette firm serves high-net-worth clients and business owners across more than 40 states and will join Avantax Planning Partners within Cetera’s registered investment advisory model. The deal is intended to support growth and provide succession solutions while expanding services for clients. Cetera also formed a long-term strategic partnership with affiliated CPA firm Darnall Sikes & Frederick, which will remain independent.

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